Empire State Realty Trust, Inc. $ESRT Stake Raised by AlphaQuest LLC

Key Points

• AlphaQuest LLC increased its stake in Empire State Realty Trust by 30.7%, owning approximately 0.10% of the company after purchasing additional shares during the first quarter.
• The stock of Empire State Realty Trust (NYSE: ESRT) is currently valued at $7.6550 with a market cap of $1.30 billion, reflecting a 4.9% increase.
• Empire State Realty Trust announced a quarterly dividend of $0.035 per share, with a yield of 1.8%, to be paid on September 30th.

AlphaQuest LLC boosted its position in Empire State Realty Trust, Inc. (NYSE:ESRT - Free Report) by 30.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,114 shares of the real estate investment trust's stock after purchasing an additional 37,632 shares during the period. AlphaQuest LLC owned about 0.10% of Empire State Realty Trust worth $1,252,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. 1832 Asset Management L.P. grew its holdings in Empire State Realty Trust by 13.0% during the 1st quarter. 1832 Asset Management L.P. now owns 654,774 shares of the real estate investment trust's stock valued at $5,120,000 after buying an additional 75,162 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Empire State Realty Trust by 5.2% in the 1st quarter. Ameriprise Financial Inc. now owns 9,711,834 shares of the real estate investment trust's stock worth $75,915,000 after buying an additional 476,793 shares during the period. CW Advisors LLC purchased a new position in shares of Empire State Realty Trust in the 1st quarter worth $242,000. T. Rowe Price Investment Management Inc. raised its position in shares of Empire State Realty Trust by 26.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,169,504 shares of the real estate investment trust's stock worth $16,966,000 after buying an additional 457,785 shares during the period. Finally, EntryPoint Capital LLC raised its position in shares of Empire State Realty Trust by 34.1% in the 1st quarter. EntryPoint Capital LLC now owns 38,472 shares of the real estate investment trust's stock worth $301,000 after buying an additional 9,789 shares during the period. 67.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on ESRT. Wall Street Zen raised Empire State Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 23rd. Wells Fargo & Company cut their price objective on Empire State Realty Trust from $11.00 to $8.30 and set an "underweight" rating on the stock in a research report on Monday, May 19th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $10.43.

Empire State Realty Trust Stock Up 0.2%

NYSE:ESRT traded up $0.02 during mid-day trading on Thursday, reaching $7.62. The stock had a trading volume of 1,152,960 shares, compared to its average volume of 1,562,958. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 31.73 and a beta of 1.70. Empire State Realty Trust, Inc. has a 1-year low of $6.56 and a 1-year high of $11.62. The stock's 50 day simple moving average is $7.73 and its two-hundred day simple moving average is $7.86. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.03 and a quick ratio of 4.03.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.22 EPS for the quarter. Empire State Realty Trust had a return on equity of 2.45% and a net margin of 5.67%.The company had revenue of $153.54 million during the quarter. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. Equities analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 EPS for the current year.

Empire State Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.14 annualized dividend and a yield of 1.8%. Empire State Realty Trust's dividend payout ratio is currently 58.33%.

About Empire State Realty Trust

Empire State Realty Trust, Inc NYSE: ESRT is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company is the recognized leader in energy efficiency and indoor environmental quality. ESRT's flagship Empire State Building - the "World's Most Famous Building" - includes its Observatory, Tripadvisor's 2023 Travelers' Choice Awards: Best of the Best the #1 attraction in the US for two consecutive years.